AUK

0.00%

0.5¢ aumake limited.

Hi mum thanks for the long paragraphs you spent time on Since...

First 3 Last

Share
Profile

Follow
beefsoup and Co

1,687 Posts.

154

27/02/18

15:57

Post #: 31385197
Share

Originally posted by sydneymum ↑

I live in Sydney NSW close to Hurstvillle, the biggest Chinese residency suburb in Australia. The streets of Hurstville has been highly occupied by Chinese shops and Chinese people from 15 years ago. Today there are at least 40 similar "daigou" shops in Hurstville. Many are much bigger/ brighter/ more organized/ has bigger and nicer goods displays then the AUMAKE there. The only 1 AUMAKE shop there actually shares a small basement shop with a Chinese travel agent. I went pass that AUMAKE shop many times and found it unattractive, few customers and unnoticed. The goods displayed inside are very limited/untidy. I compared this AUMAKE to other daigou shops in Hurstville, I lost hope in AUMAKE.
I went to Sydney downtown recently and visited the new AUMAKE flagship shop which is located just opposite the Townhall. Nicely decorated/ brightly lit small shop it is, staffed with 5 Chinese. Staff said" here does not provide postal packing service to China." 3 times I visited this shop in Saturdays, 2 times has NO customer, 1 time has 7 but only 1woman bought 2 packs of nougat sweet. The 5 Chinese staff kept staring at the shop front where a shop sign hanging down with Chinese writing.
I walked to Pitt St. to see another AUMAKE in Sydney downtown. It is an old small shabby shop close to the Central Station, 2 customers there. The staff said" this shop has postal service to China. Another new shop will open soon inside the Chinatown Market City, but no postal service there. That is purely for tourists." The Market City rent is very expensive. The Paddy Market is in the basement, open 4 days. Tourists buying gifts can just go to the Paddy Market why go to upstairs AUMAKE? How much profit can AUMAKE make after paying the high rent and staff wages?
7 Sydney AUMAKE shops I have visited 3. I feel very dim for AUMAKE. Reasons are: (1) the AUMAKE shops signs are all in Chinese characters( has AUMAKE) and staff are all Chinese. Naturally that put tourists and locals who are not Chinese away. (2) Too much competitions around AUMAKE. Many daigou shops/ gift shops are much brighter/ better, they also provide postal service to China for customers. What ever AUMAKE can do other shops can do, even better or cheaper. (3) The goods AUMAKE sells are no special compared with other daigou shops. (4) Many coach tours/ guided tours come to Australia from China are well organized for over 25 years. Many tour buses drive tour groups directly to special huge warehouses in Sydney's west industry area, to "buy Australian products until you drop." warehouses enjoys cheaper rents , their prices are the lowest, and some provide postal service. The tour bus driver and guide guard at the warehouse door, they receive fat commissions. This arrangement between tour company/guide/driver and warehouse has been going on for years. Have anyone seen buses and buses of Chinese tourists being brought into a AUMAKE shop??? How can AUMAKE take business from these tour company arrangements?
Chinese tour groups being driven to warehouses. Independent Chinese visitors either have relatives or sons/daughters students living in Australia who will certainly take their visitors to Cosco/ chemist warehouses/ local supermarkets/ local daigou shops to buy buy buy, then go to local post offices. AUMAKE would not appeal to me if I am one of these visitors. I can't help but wonder how on earth can AUMAKE's net profit support it's share price???
This is all IMHO.

Expand

Hi mum thanks for the long paragraphs you spent time on

Since you dont hold any stock you should be relaxed and watch how this stock sink further, i want to help people but people called me idiot when i downramp a bad stock.

Peoples choice.

AU8 Price at posting: 30.5¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

First 3 Last

Add AUK (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $14.06M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.5¢	$1.096K	190.1K

Buyers (Bids)

No.	Vol.	Price($)
25	11167357	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	1319995	3

View Market Depth

No.	Vol.	Price($)
24	10967357	0.005
13	6956199	0.004
5	8966685	0.003
14	8300231	0.002
11	64240049	0.001

Price($)	Vol.	No.
0.006	1157589	2
0.007	14177858	10
0.008	11538332	12
0.009	21601031	10
0.010	18686983	8

Last trade - 16.10pm 15/11/2024 (20 minute delay)

AUK (ASX) Chart

Hi mum thanks for the long paragraphs you spent time on Since...

Cyclone signs MOU with Vale for development of Iron Bear play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Banshee's historic trenches prove rich in antimony and gold for GDM

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Hi mum thanks for the long paragraphs you spent time on Since...

Top Stories

Cyclone signs MOU with Vale for development of Iron Bear play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Banshee's historic trenches prove rich in antimony and gold for GDM

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News